The European Union (EU) has confirmed its intention to purchase energy resources worth a total of $750 billion from the US and to invest an additional $600 billion in the US economy, Howard Lutnick, US Secretary of Commerce, wrote on X, Report informs.
“It’s official. We have finalized our historic US–EU Framework Agreement on Reciprocal, Fair, and Balanced trade. The EU has agreed to open its $20 Trillion market. The second largest in the world behind the great USA
This deal:
- Eliminates EU tariffs on all US industrial goods,
- Creates historic access to the vast European markets for American farmers, fishermen and ranchers,
- Delivers $750B in European energy demand during President Trumps term,
- And EU firms will invest an additional $600B in new investments in America.
The America First Trade Agenda has secured the most important trading partner creating a major win for American workers, US industries, and our national security. Tariffs should be one of America’s favorite words,” reads the post.